HearMe Plans to Shut Down
Amid Slow Sales, Murky Outlook

MOUNTAIN VIEW, Calif. -- HearMe decided to close its business operations and pursue the sale of assets, blaming the economic slowdown.

The company's stock had dropped sharply from its peak in early 2000, and a series of earnings warnings dropped its shares below $1 in recent months. Monday the shares were halted for news and last traded at 22...